abctax55
Level 15
03-14-2022
12:02 PM
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"Some" of the escrow charges *might* be deductible, depending on exactly what they are. NMI.
You need to go thru them to decide. IF there are prorations of taxes, insurance, utilities - those are not added to basis. Nor are amounts that are impounded.
Title charges are added to basis.
HumanKind... Be Both